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Sustainable Energy Finance Update: MDBs Offer Broad Energy Sector Support; Off-Grid, Transport, Industry Receive Boost read more: http://larc.iisd.org/news/sustainable-energy-finance-update-mdbs-offer-broad-energy-sector-support-off-grid-transport-industry-receive-boost/

September 2016: The month of August saw several financing announcements that, instead of focusing on a single project, will support many aspects of the energy sector in several countries, in the context of economic and infrastructure development. 

In addition, this Update reports on various initiatives that will support the expansion of off-grid energy access, “green” the public transport sector and increase industrial efficiency. It also includes a new ‘Go-To Resources’ section, which lists newly-released sources of information related to sustainable energy project development.

International finance institutions such as the multilateral development banks (MDBs) are behind many of these funding and capacity-building resources, with a view toward achievement of Sustainable Development Goal (SDG) 7 (Ensure access to affordable, reliable, sustainable and modern energy for all) and, consequently, SDG 13 (Take urgent action to combat climate change and its impacts), as well as the climate change mitigation objective of the Paris Agreement, which was adopted in December 2015.

MDBs Lend Broad Support to Energy Sectors in China, Ecuador, Pakistan, Portugal

The World Bank’s International Finance Corporation (IFC) signed an agreement with the Agricultural Bank of China (ABC) that will help ABC build a green finance portfolio of US$23 billion, beginning with a multi-million-dollar pool of energy efficiency and renewable energy loans. [IFC Press Release]

A US$143 million programme announced by the Inter-American Development Bank (IDB) is aiding Ecuador in creating a more sustainable and reliable energy system. One feature of the programme is supporting an effort to diversify the country’s energy mix. In addition, the loans will strengthen transmission to bring new sources of electricity online and expand distribution to bring new users online, including in rural and earthquake-affected areas. The National Program for Efficient Cooking will also receive support. [IDB Press Release]

Transmission is receiving a boost in Pakistan too, where increasing demand for electricity is coupled with the need for better reliability and quality of supply. A US$810 million Asian Development Bank (ADB) loan that will be delivered in multiple tranches will help rehabilitate and expand the country’s transmission network. [ADB Press Release]

As part of a €750 million investment in the Portuguese economy, the European Investment Bank (EIB) is supporting small and medium projects focused on, among other things, renewable energy and energy efficiency. [EIB Press Release]

Renewable Energy Projects Pipeline Continues to Grow…

In addition to the more general energy sector funding, the pipeline of specific renewable energy projects continues to grow, with announcements in the biomass, wind and hydro sectors.

Bioenergy

IFC, the Government of Canada and the World Bank’s Climate Investment Funds (CIF) Clean Technology Fund (CTF) are supporting the construction of three biomass plants in the Philippines with a loan of US$161 million. Totaling 70 megawatts (MW) of capacity, the plants will be fueled by sugarcane waste, diverting it from being burned in fields. [IFC Press Release]

In Brazil, the company CerradinhoBio, which produces electricity and biofuel from sugarcane, is the recipient of BRL150 million in long-term financing from IFC. The funds will help the company increase its production of bioethanol by 28% and more than double its biomass-based electricity production. [IFC Press Release]

Wind Power

On 11 August, Jamaica welcomed the start of operations of its largest private-sector renewable energy project – a 36 MW wind farm. The Overseas Private Investment Corporation (OPIC), IFC and the Government of Canada contributed a US$62.7 million financing package to the project. [IFC Press Release]

Water Power

Tanzania is setting its sights on the Kikonge Multipurpose Dam, Irrigation and Hydropower Project, with a €2 million grant from the African Development Bank (AfDB)-managed African Water Facility (AWF), which will fund the pre-feasibility study. The project is expected to result in a 300 MW hydroelectricity station, which will increase the country’s hydropower capacity by 53%. A high voltage transmission line and irrigation scheme will also accompany the project. [AfDB Press Release]

With a view to influencing policy to promote the sustainability and business operations of the hydropower sector in Myanmar, IFC and private, public and civil society stakeholders launched a working group with a General Forum on 18 August in Yangon, Myanmar. The group will focus on improving hydro’s private sector relations with government and promoting best practices for developing projects sustainably. [IFC Press Release]

Off-Grid is Off and Running in Niger, Ethiopia, the Philippines

The AfDB-hosted Sustainable Energy Fund for Africa (SEFA) announced a US$994,270 grant to help the Government of Niger prepare a green mini-grid policy, regulations and an enabling framework that will promote market-driven private investment and development in the country’s green mini-grid sector. [AfDB Press Release]

The World Bank’s Carbon Initiative for Development (Ci-Dev) signed an Emissions Reduction Purchase Agreement (ERPA) with the Development Bank of Ethiopia (DBE) to provide additional funding to the Electricity Network Reinforcement and Expansion Project (ENREP). The purchase of GHG emissions reductions will help finance ENREP’s work to promote solar home systems, specifically its need to address concerns over insufficient warranties and battery replacements. A tracking and enforcement system to ensure warranties are honored completely and consistently by the private solar suppliers will be demonstrated, and a subsidy supported through carbon revenues will enable battery replacements. [World Bank Press Release]

US$3 million from the World Bank’s Global Partnership on Output-Based Aid (GPOBA) and US$12.8 million from the EU will provide 40,000 families located in remote, off-grid areas of the Philippines with access to solar energy. [World Bank Press Release]

Clean(er) Transport Energy in Kazakhstan, Morocco

With the support of a US$18.8 million European Bank for Reconstruction and Development (EBRD), the city of Kyzylorda, Kazakhstan, will purchase 92 compressed natural gas (CNG) buses, providing cleaner, more efficient public transport. EBRD announced that the first 50 buses arrived in the city at the beginning of August. [EBRD Press Release]

The Bus Rapid Transit (BRT) system in Marrakesh, Morocco, is set for a low-carbon upgrade through a US$1,319,863 grant from the Global Environment Facility (GEF) and co-financing of US$56,173,683. The funds will facilitate development of a 1 MW High Concentration PhotoVoltaics (HCPV) solar farm that will power the electric buses of the BRT system. [GEF Project Webpage]

Making Industry More Efficient in Bosnia and Herzegovina, Turkey

The chemical maker Sisecam Soda Lukavac, which is a subsidiary of Turkey’s Sisecam Group that produces soda ash in Bosnia and Herzegovina, is receiving a €8.9 million loan from IFC to help it increase energy efficiency with a new boiler and make other environmental improvements through a filtering station and advanced effluent treatment. [IFC Press Release]

Turkey’s Assan Aluminum, a Kibar Holding subsidiary that manufactures flat-rolled aluminum products, will increase its resource efficiency by modernizing two existing furnaces, installing five new furnaces and improving overall plant maintenance, thanks to a US$55 million IFC loan. [IFC Press Release]

Also in Turkey, EBRD is helping the oil refiner Tüpraş reduce energy and water use, loaning the company US$150 million to modernize two refineries with the aim of lowering energy intensity and carbon dioxide (CO2) emissions. [EBRD Press Release]

Go-To Resources

  • Finance Guide for Policy-Makers: Renewable Energy, Green Infrastructure – 2016 Update: Noting how important it is for policy makers and non-financiers to understand and interface with the financial community in light of the Paris Agreement and the accompanying nationally determined contributions (NDCS), Bloomberg New Energy Finance (BNEF) produced this guide to give an overview of sources of capital, what the capital markets do, how transactions work, and more. [BNEF Press Release]
  • Comparative Analysis of Approaches to Geothermal Resource Risk Mitigation: A Global Survey: Available in both English and Spanish, this report presents the numerous approaches used around the world to mitigate risks and spur investment in geothermal. The World Bank’s Energy Sector Management Assistance Program (ESMAP) developed the report to help decision makers “identify suitable approaches that align with development goals, funding capacity, implementation capabilities, and other country-specific contexts.” [World Bank Press Release]
  • INFRALATAM: The Economic Commission for Latin America and the Caribbean (ECLAC), the Development Bank of Latin America (CAF) and IDB created this website as a database of infrastructure investments, including energy projects, in 15 Latin American and Caribbean countries for the period 2008-2013. The data will support work toward SDG 9 (Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation). [IDB Press Release][ECLAC, IDB, CAF Launch Infrastructure Database]
  • A Greener Path to Competitiveness: Policies for Climate Action in Industries and Products: Also with a focus on SDG 9, the World Bank produced this report to demonstrate how industry can both reduce emissions and increase competitiveness. The guide helps industries focus on the most cost-effective and energy-efficient options, while also recommending ways government policies and institutional frameworks can help industry chart a climate-friendly path to competitiveness. [World Bank Press Release]
  • Mini-Grids Information Portal: Specifically focused on Tanzania, IFC launched this portal as a comprehensive repository of information for investors interested in developing renewable energy mini-grids in the country. [IFC Press Release]

 

IISD RS publishes the Sustainable Energy Finance Update monthly, focusing on announced funding for sustainable energy projects and other sustainable energy finance-related developments from international financial institutions. Climate finance news and developments outside of the sustainable energy sector are included in IISD RS’s monthly Climate Finance Update, available via the Climate Change Policy & Practice portal. [IISD RS Climate Finance UpdatesMore

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SE4All Highlights Plans for Implementing SDG 7

25 March 2016: The Special Representative of the UN Secretary-General (SRSG) for Sustainable Energy for All (SE4All), Rachel Kyte, highlighted challenges to achieving Sustainable Development Goal (SDG) 7 (Ensure access to affordable, reliable, sustainable and modern energy for all).

Briefing UN Member States and civil society, she also provided an update on the SE4All initiative's plans for supporting implementation of the Goal.

Kyte emphasized that Goal 7 has three “pillars,” addressing energy poverty, technological advancement, and investment in energy efficiency. Stressing the interlinked nature of the Goal, she said the first pillar, addressing energy poverty, is essential to leaving no one behind, noting that the electricity access gap undermines education, productivity and economic growth, while the gap in access to clean cooking fuels is detrimental to health and gender inequality. On technological advancement, Kyte noted the past decade's reductions in the cost and complexity of renewable energy, which makes on-shore wind, solar photo voltaic, and other technologies more competitive with fossil-based energy sources. On energy efficiency, she said greater investment has made it possible to provide basic electricity services using much less power.

Despite this positive progress, Kyte warned that global economic trends have slowed the momentum for electrification, renewables, efficiency and clean cooking. She said the global energy transition is not taking place at a sufficient pace to meet the temperature goal set out in the Paris Agreement on climate change, or the broader development goals expressed in the 2030 Agenda.

Kyte also stressed that the financial needs to achieve SDG 7, which are estimated at over US$1 trillion annually, will need to come from both private and public sectors. She highlighted the importance of small-scale, private investments to develop renewable energy in many African countries.

On the role of the SE4All initiative in supporting the achievement of SDG 7, Kyte said the Forum's 2017 meeting will assess progress and provide substance for the High-level Political Forum on sustainable development (HLPF) and the UN system as a whole in its review of progress towards the SDGs. In the meantime, SE4All is developing a framework for addressing challenges faced by Member States in achieving SDG 7. Member States will have opportunities to provide input on this framework throughout May 2016, Kyte said, and the SE4All Advisory Board will consider the framework at its meeting, on 15-16 June 2016. [Event Webcast] [SE4All Website]

 

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This Caribbean Island Just Went 100% Renewable – Via Winston Connolly

Bonaire (pop. 14,500), a small island off the coast of Venezuela, is famous for its beautiful marine reefs, which are visited by 70,000 tourists every year.

Bonaire

What many of the tourists don't realize is that the majority of the electricity powering their needs comes from renewable energy. Yet for the residents of Bonaire, the switch from fossil-fueled to renewable energy systems has made a world of difference.

Like many Caribbean islands, Bonaire originally relied on diesel fuel to generate electricity for residents, with a peak demand of 11 megawatts (MW). This fuel had to be shipped in from other nations, resulting in high electricity prices for Bonaire residents, along with uncertainty about when and how much prices might increase with changing fuel costs.

In 2004, everything changed when a fire destroyed the existing diesel power plant. Although tragic, the situation provided an opportunity for Bonaire to consider what kind of new electricity system to build. Temporary diesel generators were rented to provide power for the short term. Meanwhile, the government and local utility began working together to create a plan that would allow Bonaire to reach a goal of generating 100 percent of its electricity from renewable sources.

Bonaire's Electricity System Transformation

The result is a transformed electricity system on Bonaire. The island is now home to 12 wind turbines with a total of 11 MW of wind power capacity, which contribute up to 90 percent of the island's electricity at times of peak wind, and 40-45 percent of its annual electricity on average.

Battery storage (6 MWh) is included in order to take advantage of available power in times of excess wind, and provide that stored electricity in times of low wind. The battery also boosts the reliability of the overall system—it is capable of providing 3 MW for over two minutes, allowing time for additional generation to be started when there is a sudden drop in wind.

The Bonaire system also includes 14 MW of diesel generation, five total generators, which provide the necessary power to meet the load when there is not enough wind power available. The generators are equipped to run on both traditional diesel as well as biodiesel. The next steps in the island's energy transformation involve using local algae resources, grown in the large salt flats on the island, to create biofuel, which can then be used in the existing generators. This will allow Bonaire to operate a 100 percent renewable electricity system—with on average 40–45 percent from wind and 55-60 percent from biodiesel.

The new electricity system led to more reliable electricity, more employment opportunities, reduced dependence on oil (and its fluctuating prices), and a reduction in electricity bills. Bonaire residents currently pay $0.22/kWh for electricity, much lower than prices on other nearby Caribbean islands, which are often $0.36/kWh or above.

When oil prices spiked in 2008, while Bonaire was still using temporary diesel generators before making its transition to renewables, electricity prices on the island reached $0.50/kWh. The new electricity system also created jobs for the construction and ongoing operation of the wind farm, and for research and development of algae production capabilities and conversion to biofuel. Additional employment opportunities will be created for continuing algae production and operation of the biodiesel plant.

The success of the updated electricity system on Bonaire provides an important example to other nearby islands of the opportunity to achieve high levels of renewable energy penetration.

http://www.businessinsider.com/bonaire-goes-renewable-energy-2015-1

 

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3 Ways Wind and Solar Can Continue To Grow In a 21st-Century Grid

Earlier this year, MIT researchers were the latest in a series of analysts to raise alarm about the perceived limitations of solar PV’s continued growth. In short, these analysts propose that variable renewables will depress wholesale prices when they run, thereby limiting their own economic success.

These concerns have garnered coverage in other venues (including Vox, Greentech Media, and The Financial Times), leading observers to suggest that the future prospects for renewables may be dim.

But are these concerns really justified, or do they rely on outdated assumptions about the grid and about electricity markets? We argue that these critiques, assuming a static grid and unchanging market mechanisms, can be used to make any innovation look bad. However, more integrative assessments of a least-cost, clean, and reliable power system of the future will factor in high fractions of variable renewables, along with more-efficient markets (and usage) and new technologies to integrate these resources seamlessly and resiliently.

In this article, we argue that falling wholesale prices is a good problem to have, and that concerns about economic limitations ignore remedies available from supply-side evolution, demand-side resources, and updated market mechanisms. As the world gathers in Paris for COP21, these messages are as important as ever for charting and pursuing a low-carbon clean-energy pathway.

Understanding the “Problems”

There has been increasing concern that variable renewables such as wind and solar may face an upper limit to adoption in the U.S. grid. The argument is that large amounts of variable renewables will create excess supply concentrated at the particular times of day when they produce. The notorious “duck curve” is an example of this—the duck-like shape of a particular, daily demand curve modeled for California’s grid when the production of large amounts of solar photovoltaics (PV) is netted out.

Critics argue that this technical characteristic of variable renewables, specifically PV—a daily generation pattern that is not perfectly matched with load—can have economic consequences for all forms of generators, especially the renewable resources themselves. Large amounts of renewable resources can sell a glut of power when it’s available, offsetting production from higher-marginal-cost resources (like gas-fired power plants). Since power prices are generally set by the resources with the highest marginal cost that clear in the market, additional generation from renewables tends to lower market prices.

This “merit order effect” often decreases revenues for fossil generators. This impact has been particularly dramatic in Europe, where generation from costly-to-run thermal plants during the daily solar peak was formerly very profitable for fossil generation owners. PV has decreased energy prices so much there that the top 10 EU utilities lost half their market capitalization. However, the merit order effect also means that variable renewables themselves may also earn lower profits as their adoption rises. A common conclusion is that variable renewables can play only a modest role in power production, marginalized by declining wholesale value at higher adoption levels.

The Other Half of the Thought Experiment: Three Factors That Can Accelerate Renewable Energy Adoption

Analysts who have put forth these arguments have elaborated only the first half of a microeconomics thought experiment. The problems they hypothesize hinge upon the laws of supply and demand, but omit important aspects of both, drastically overstating the perceived “problems.” Let’s see how.

1) Supply is changing holistically, not incrementally

Many of these thought experiments consider adding just a single supply resource (often solar PV) without considering many of the other supply-side changes happening at the same time. In reality, solar PV, wind, and natural gas are all joining the supply mix in a big way at the same time; the first two are often complementary and the third is dispatchable, so together, they can do a lot to mitigate the “duck curve” often portrayed.

At the same time, retirements of uneconomic assets will provide a countervailing buoyancy to wholesale prices. For example, even though old, dirty plants often have low production costs, they may exit the market anyway due to high costs of compliance upgrades or other fixed costs that erode their profits. The resulting less-abundant supply can cause the marginal supply curve to contract in quantity, leading to higher prices and higher profits for renewables and remaining fossil generators—unless demand drops too, as it’s doing in the industrialized world.

2) Demand is increasingly flexible, not fixed

Analysts arguing that renewables’ variability will limit their growth often assume perfectly efficient wholesale markets, but unchanged retail markets and fixed demand profiles. This incomplete and asymmetrical treatment ignores the emerging capability to harness the demand side of the equation. For example, people like and respond to time-varying pricing programs, and these programs are starting to roll out at scale. The electricity demand of many appliances including electric water heaters and electric vehicles is inherently flexible without disrupting the service provided. Furthermore, new business models (from both utilities and third parties) are driving this convenient flexibility by providing seamless solutions, unobtrusively, conveniently, and without requiring customers to become part-time energy traders.

These factors together increase flexibility of demand, an important low-cost resource, and enable what is the most natural response to changing prices in an efficient market where consumers find ways to use and benefit from cheap electricity from wind and solar. In other words, as renewables reduce energy prices during certain times of day, demand flexibility allows customers to shift demand to those times, which will both reduce energy prices at other (peak) times and raise the price paid to renewables during times when they produce the most.

3) Storage makes renewables dispatchable, not variable

Diverse supply and flexible demand will play a big role in easing renewable integration concerns but, to the extent that issues remain, the continuing decline in battery prices and the range of values available from batteries means that remaining variability issues can probably be addressed at modest incremental costs. At the retail level, this can lead to increasing self-balancing of distributed generation (we’ve already seen this in Germany and Australia, and it may affect utility business models in the U.S.). At the wholesale level, as variable resources begin to saturate the market, high-priced hours will incentivize developers to begin to look at storage. Already, storage is seen as a near-term replacement for peaking generation, and batteries installed for peaking capacity can also be used to smooth the economic impact of renewables on power prices.

Storage is already a common feature of concentrating solar power (via molten salt), and becoming an increasingly common feature of solar PV. For example, the all-renewable winning bids in the latest Chilean auction for unsubsidized electricity included not just solar power as low as $65/MWh in the daytime, but also nighttime solar power—via thermal or electrical storage—for $97/MWh at night. With storage, variable renewables become dispatchable, and dispatchable renewables do not have nearly the same merit order effect as variable ones. To be sure, our recent demonstration that 13 kinds of benefits of behind-the-meter distributed storage can make batteries cost-effective does not necessarily make them competitive with the many other ways to achieve grid flexibility, but similar reasoning suggests an abundant range of options for averting the problems that narrowly constrained models imply.

Whole-System Thinking Illuminates a Path Towards Least-Cost Outcomes

Analysts arguing that renewables will economically limit their own continuing adoption generally leave out the considerations listed above—and more importantly, these arguments are built on incremental thinking, assuming that today’s grid and markets are fixed and only one thing changes (e.g., PV or wind-energy market share). A more holistic, integrative, and accurate analysis would start with the ultimate objectives (reliable, resilient, and least-cost energy services), and promote a whole-system design to get there promptly.

With this perspective in mind, the characteristics of renewable energy that have caused so much hand-wringing—variable output and near-zero marginal costs of production—simply add to the list of design considerations for a market design that rewards efficient investment. Given supply diversity, demand flexibility, and emerging technologies like storage, variable renewables are unlikely to face any practical limit to growth even under current grid paradigms and market structures.

Nothing Sacred About Existing Markets

But even if renewables do face adoption limits in current markets, there is no reason we have to keep these markets the way they are. Wholesale power markets are largely a product of historical coincidence, formed out of the paradigms of the last century in which thermal power plants competed only with each other. Modern market design that reflects the realities and changing resource mix of the 21st century grid, being pioneered in Germany already, can go a long way towards aligning incentives for least-cost resource mixes. Particularly, incorporating behind-the-meter distributed energy resources and flexible loads into energy markets—as is being done in California and New York—can bring new capabilities and a refined level of control to the grid.

An Integration Challenge?

Evolving supply, flexible demand, storage, and updated markets can remove the limits to increasing renewable energy on the grid. In a later post, we will highlight how these same levers can address the common concerns—and misunderstandings—about “integration costs” of renewable energy. For example, a much-hyped recent paper claims that high-penetration renewables must incur steeply rising integration costs. But that turns out to be an artifact of extremely restrictive assumptions in the models used, combined with an assertion that competitive harm to thermal-plant incumbents is an economic cost of the renewables that beat them.

Renewables Are Here To Stay

The “problems” with renewables often brought up by analysts may be real in isolation, but are overstated when the full range of options is considered. Indeed, these are good problems to have: they’re the natural forces of supply and demand acting to send signals to market participants to diversify resource choice, incentivize demand flexibility, and invest in storage and other emerging technologies. Arguments against wind and solar PV conclude that these resources will need greater subsidies to survive in the “duck curve” era. But instead, we can tap the latent power of supply diversity, demand flexibility, storage, and market design to level the playing field for all resources, rather than clinging to the premises of the 20th century grid. Protecting the old system is far inferior to enabling the new one so that innovation can flourish, entrepreneurs can thrive, and all options can compete fully and fairly. Source

 

 

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Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS) Baseline Report and Assessment

Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS) Baseline Report and Assessment

http://www.worldwatch.org/cserms/baseline-report

The Caribbean region stands at a crossroads, faced with several critical challenges associated with the generation, distribution, and use of energy. Despite the availability of tremendous domestic renewable energy resources, the region remains disproportionately dependent on imported fossil fuels, which exposes it to volatile oil prices, limits economic development, and degrades local natural resources. This ongoing import dependence also fails to establish a precedent for global action to mitigate the long-term consequences of climate change, which pose a particularly acute threat to small-island states and low-lying coastal nations.

While onerous, these shared challenges are far outweighed by the region’s tremendous potential for sustainable energy solutions. By acting on this potential, the Caribbean can assume a leading role in the global effort to combat climate change while promoting sustainable regional economic and societal development. Representing a geographically, culturally, and economically diverse cross-section of the region, the Caribbean Community (CARICOM) provides the ideal platform to construct the legislative and regulatory frameworks necessary to achieve this transition.

CARICOM represents 15 diverse member states: Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago. Although these states vary widely, they face many common energy challenges.

CARICOM has already begun to play a crucial role in the regional transition to sustainable energy. Recognizing the need to develop a coordinated regional approach to expedite uptake of renewable energy and energy efficiency solutions in the Caribbean, CARICOM adopted its regional Energy Policy in 2013 after a decade in development. The policy charts a new climate-compatible development path that harnesses domestic renewable energy resources, minimizes environmental damage, and spurs social opportunity, economic growth, and innovation.

To translate these intentions into action, the CARICOM Secretariat commissioned the Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS), designed to build on existing efforts in the region and to provide CARICOM member states with a coherent strategy for transitioning to sustainable energy. In this C-SERMS Baseline Assessment and Report, the Worldwatch Institute provides an analysis of the region’s current energy and energy policy situation, evaluates regional potential for renewable energy and energy efficiency solutions, and recommends regional targets for energy sector transformation in the short, medium, and long terms.

Download Report: http://www.worldwatch.org/system/files/C-SERMS_Baseline_10.29.2015.pdf

 

 

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Climate Expert James Hansen: The Planet May Become Ungovernable

The repercussions of climate disruption are still not being acknowledged fully, warned climatologist Dr. James Hansen, addressing an audience of Baby Boomer and Greatest Generation climate activists on September 9.

Dr. Jim Hansen

“We’ve now got an emergency,” he told about 150 “elder activists” at Calvary Baptist Church in Washington, DC, who were participating in Grandparents Climate Action Day.

Hansen — formerly NASA’s head climate scientist, now adjunct professor at Columbia University — is probably best known for bringing definitive evidence of global warming to Congress in testimony in 1988. In July of this year, he released a report with sixteen co-authors studying glacier melt in Greenland and Antarctica. Unlike previous models, the new report takes into account some feedback loops which may be hastening the loss of ice sheet mass far faster than anticipated.

Time is running out to transition to renewable energy, Hansen said, yet the most “relevant” people in power aren’t aware of the situation’s gravity. “Even people who go around saying, ‘We have a planet in peril,’ don’t get it. Until we’re aware of our future, we can’t deal with it.”

Mass species extinction, extreme weather events, dry spells and fires are climate change impacts which are happening now. A warmer atmosphere and warmer oceans can lead to stronger storms, he explained. Superstorm Sandy, for example, remained a hurricane all the way up the Eastern seaboard to New York because Atlantic waters were abnormally warm.

“Amplifying impacts” and feedback loops will accelerate the changes, according to Hansen. “It will happen faster than you think,” he said. If major coastal cities become “dysfunctional” because of sea level rise, as he believes is possible, the global economy could be in peril of collapse.

It is therefore imperative to stop using coal, oil and gas as energy sources now. “We’ve already burned as much as we can afford,” he said. Fossil fuels already burned will continue to have impacts, because the climate system “has inertia.” “We’ve only felt the warming for half of the gases that are up there,” he said.

The use of fossil fuels is still on the rise in spite of the dangers, he said, because governments subsidize them and don’t make companies bear the real costs to society. The only viable way to make the price of fossil fuels “honest,” in his opinion, is to implement a “fee and dividend” system.

While Hansen denounced “unfettered capitalism”and “scary” trade agreements in the works, he believes government regulation can steer captains of industry onto the right path. “We’ve got to make the system work for us,” he said. “If you properly harness the market, it will work for you.”

He gave an example of incentives and tax breaks for solar panels, which he has on his own home, and how he contributes electricity to the grid. Yet one audience member took issue with a corruption-free scenario. “Come to Virginia, I dare you!” he said. (In Virginia, where Dominion Virginia Power has a stranglehold on state politics, “standby” fees and other barriers stifle solar panel installation by individuals.)

Hansen, a grandparent himself, was the keynote speaker at Grandparents Climate Action Day, an event to mobilize elder activists and promote a policy agenda aimed at reducing greenhouse gas emissions.

Hansen believes elders possess resources and wisdom which, combined with the zeal of youth, can help find solutions to climate change. “Older people have a lot of clout, a lot of votes, and time,” he said. With more older people getting involved, there will be more pressure to make needed changes.

Fellow speaker John Sorensen, co-founder of the Conscious Elders Network, echoed this point. The 80 million elders in the U.S. — 25 percent of the population — are living longer and healthier lives with more time and resources to devote to activism.

Hansen is supporting a lawsuit in which 21 young people are suing the U.S. government. (One of the plaintiffs is his granddaughter Sophie.) The lawsuit alleges that the federal government knew decades ago that burning fossil fuels and climate were linked, but continued on the same course anyway.

In his testimony for Youth v. Obama, Hansen said, “In my opinion, this lawsuit is made necessary by the at-best schizophrenic, if not suicidal, nature of U.S. climate and energy policy.”

The judiciary, he believes, is the only viable recourse left for the younger generation, “because the courts will be less under the thumb of the fossil fuel industry.”

“Young people have all these rights that are guaranteed by the constitution, and that’s what we’re asking the courts to look at, and I think this may be our best chance to force the government to do its job,” he said.

Most of the elders participating in Grandparents Climate Action Day probably won’t live to see the worst effects of climate change, yet they were eager to learn about the earth future generations will inherit. One participant explained her reason for being there. After working with children for her whole career, she realized that “all of it mean[s] nothing if we don’t have a livable planet.”

“Young people have all these rights that are guaranteed by the constitution, and that’s what we’re asking the courts to look at, and I think this may be our best chance to force the government to do its job,” he said.

Most of the elders participating in Grandparents Climate Action Day probably won’t live to see the worst effects of climate change, yet they were eager to learn about the earth future generations will inherit. One participant explained her reason for being there. After working with children for her whole career, she realized that “all of it mean[s] nothing if we don’t have a livable planet.” More

 

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Green Aruba 2015 Conference

Green Aruba is an annual conference born in 2010 with the specific aim to place dedicated emphasis on Aruba's energy transition to 100% fuel independence.

Besides showcasing Aruba's progress and challenges to the accelerated penetration of renewables in the total energy mix, Green Aruba also exhibits the experiences and knowledge of other institutions and island nations in this field. Over the past six years, Green Aruba has evolved into a practical and valuable well-known platform within the region for the exchange of information and applied knowledge on sustainable and best practices for the shift to cleaner, more environmentally friendly energy sources and resources.

Green Aruba VI – Share Sustainability

At this year's Green Aruba conference to be held October 27th and 28th, the main theme will focus on sharing sustainability by together confronting the common barriers we face, identifying the solutions moving forward and creating the essential roadmaps to achieve our desired growth paths of the sustainability journey for our island nations.

Aruba has made remarkable progress over the years in the penetration level of renewables and/or efficiency at production level, with in 2015 reaching close to the 20% mark. With the ongoing and upcoming planned projects operational by the end of 2017, the 40% barrier will be surpassed by 2018!

With our goal to reach 100% fuel free energy production by 2020, and in order to surpass the 40% level, it is fundamental to embark on a “deep dive” into our existing energy mix. Aruba is examining cutting-edge technologies and new business models for our utility companies, all in conjunction with our RAS framework, to create a balance between Reliable and Sustainable investments. This balancing act will only be achievable if energy production costs remain Affordable for the customer base.

Local utility stakeholders together with foreign renowned institutions are preparing for this dive known as the Aruba Renewable Integration Study (ARIS), and will present their approach and concept at the upcoming conference. The ARIS will provide models that map out the road forward towards Aruba's aspiring renewable energy goals, while maintaining grid reliability and minimizing overall system costs, and can serve as a prototype or starting point for fellow island nations. More

 

 

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